Williamsburg Area Restaurant Association
- Assets
- $172.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Williamsburg, VA
- Founding
- 11/2001
- Data as of
- 08/2023
- EIN
- 54-1948948
Organization Overview
Williamsburg Area Restaurant Association is located in Williamsburg, VA. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williamsburg Area Restaurant Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2023, Williamsburg Area Restaurant Association generated $60.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $39.0k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE LOCAL RESTAURANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noreen Graziano President | 5 | $0 | |
Nicole Pereira Vice President | 5 | $0 | |
Kevin Early Treasurer | 5 | $0 | |
Debi Schaefer Exec Director | 25 | $26,564 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $36,134 |
| Investment income | $1,668 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $31,572 |
| Other Revenue | $0 |
| Total Revenue | $60,198 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,597 |
| Professional fees and other payments to independent contractors | $4,504 |
| Occupancy, rent, utilities, and maintenance | $1,300 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,601 |
| Total expenses | $39,002 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,119 |
| Other assets | $0 |
| Total assets | $172,119 |
| Total liabilities | $262 |
| Net assets or fund balances | $171,857 |